Richard P Slaughter Associates Inc Sells 7,468 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Richard P Slaughter Associates Inc lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 34.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,450 shares of the financial services provider's stock after selling 7,468 shares during the quarter. JPMorgan Chase & Co. comprises about 0.8% of Richard P Slaughter Associates Inc's holdings, making the stock its 20th largest position. Richard P Slaughter Associates Inc's holdings in JPMorgan Chase & Co. were worth $3,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $8,310,884,000. GAMMA Investing LLC raised its position in shares of JPMorgan Chase & Co. by 25,861.9% during the 1st quarter. GAMMA Investing LLC now owns 23,556,011 shares of the financial services provider's stock worth $5,778,289,000 after purchasing an additional 23,465,278 shares during the period. Northern Trust Corp lifted its stake in JPMorgan Chase & Co. by 15.4% in the fourth quarter. Northern Trust Corp now owns 33,845,676 shares of the financial services provider's stock valued at $8,113,147,000 after buying an additional 4,515,147 shares during the last quarter. Proficio Capital Partners LLC increased its position in JPMorgan Chase & Co. by 34,259.3% in the 4th quarter. Proficio Capital Partners LLC now owns 3,499,499 shares of the financial services provider's stock valued at $838,865,000 after acquiring an additional 3,489,314 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of JPMorgan Chase & Co. by 31.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,684,810 shares of the financial services provider's stock valued at $2,561,256,000 after purchasing an additional 2,551,899 shares during the period. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock traded down $2.44 during trading on Thursday, reaching $261.78. 8,165,672 shares of the company's stock were exchanged, compared to its average volume of 9,543,602. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The stock has a market capitalization of $727.52 billion, a PE ratio of 13.26, a PEG ratio of 2.83 and a beta of 1.08. The firm's fifty day moving average price is $246.91 and its 200-day moving average price is $249.59. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings data on Friday, April 11th. The financial services provider reported $5.07 EPS for the quarter, topping analysts' consensus estimates of $4.63 by $0.44. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $45.30 billion for the quarter, compared to analyst estimates of $43.62 billion. During the same quarter last year, the company earned $4.44 EPS. The company's revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 3rd will be given a dividend of $1.40 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $5.60 dividend on an annualized basis and a yield of 2.14%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 27.49%.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 6,608 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $265.71, for a total transaction of $1,755,811.68. Following the transaction, the general counsel now directly owns 36,520 shares of the company's stock, valued at $9,703,729.20. This trade represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Troy L. Rohrbaugh sold 25,000 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $247.02, for a total transaction of $6,175,500.00. Following the sale, the chief executive officer now owns 133,381 shares of the company's stock, valued at $32,947,774.62. This trade represents a 15.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 95,594 shares of company stock worth $23,991,061 in the last quarter. Company insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JPM. Royal Bank of Canada reaffirmed a "hold" rating on shares of JPMorgan Chase & Co. in a report on Monday. Baird R W upgraded JPMorgan Chase & Co. from a "strong sell" rating to a "hold" rating in a report on Friday, March 7th. Morgan Stanley reaffirmed an "equal weight" rating on shares of JPMorgan Chase & Co. in a research note on Monday. Wall Street Zen upgraded shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, TD Securities reaffirmed a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday. Thirteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $267.15.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.